"We don't have a lot of high buildings, we don't have very dense projects," Romero said.

Romero co-owns Mark's Bistro in Dundee, and she's president of the Dundee Memorial Park Neighborhood Association.

Romero has concerns about the design with developers from out of state, and said it's just too much for Dundee.

"I do not think the scale of the project fits Dundee at all," Romero said "And I think the traffic issue is just a symptom of how it doesn't fit."

Association board member Adam Langdon said he understands the significance of a $40 million investment.

"We hope also that this will add to the value of Dundee, so you know the historic nature of the neighborhood I hope is preserved," Langdon said.

Around Omaha, development is booming.

A map shows 20 new apartment complexes in progress in Dundee, midtown and downtown, totaling more than 3,000 new rental units east of 60th Street.

A report from Omaha's Alchemy Development, late last year, said the city's apartment market is heading toward an over-supply of 500 unrented apartments.

And some experts predict midtown will push the limits of absorption by the end of the year.

RDG senior partner Amy Haase watches housing trends and said construction of new rental units picked up after the recession, but so has demand.

"Whether you're a young professional or an empty-nester, a lot of times they're choosing 'I don't want to take on a yard on the weekends, I'd rather live in something that's low maintenance and convenient," Haase said.

The re-zoning for this property in Dundee is up for a vote at the August planning board meeting.